S&P Global Market Intelligence presents a weekly news summary of executive management and board chair-level changes in the bank and thrift industry.
March 14
James Wilson Jr. retired as CFO of Bay Banks of Virginia Inc. on March 12.
Wilson is succeeded by Judy Gavant, who was named executive vice president and CFO of the Richmond, Va.-based company and unit Virginia Commonwealth Bank. Her appointment will take effect the date after the filing of Bay Banks of Virginia's 2017 Form 10-K.
In the interim, President and CEO Randal Greene took on the CFO role.
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Freedom Bank of Virginia hired two executives from in-state peer Middleburg Financial Corp..
Fairfax, Va.-based Freedom Bank named Raj Mehra, who served as CFO of Middleburg Financial, as executive vice president and CFO. It appointed Kathleen Croson, who had been senior vice president of client services, as executive vice president and its first chief banking officer.
March 13
Martinsville, Va.-based Carter Bank & Trust appointed Tony Kallsen executive vice president and chief credit officer.
Kallsen most recently was senior vice president and senior credit officer in Indiana, Pa.-based First Commonwealth Bank, a unit of First Commonwealth Financial Corp..
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Winter Haven, Fla.-based CenterState Bank Corp. said that Daniel Bockhorst moved to chief credit officer, Beth DeSimone to chief risk officer and Brett Rawls to chief administrative officer.
The moves took effect Jan. 1.
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La Crosse, Wis.-based Coulee Bank named Brad Sturm, who is stepping down as CEO of the bank March 31, as board chair.
Executive Vice President Dirk Gasterland will take on the CEO position. He will also step down as board chair, but will remain as a director.
Coulee Bank CFO Olaf Gilbertson accepted the vice chair position.
The bank is a unit of Coulee Bancshares Inc.
March 12
Kenneth Brause, executive vice president and treasurer at New York-based CIT Group Inc. and CIT Bank NA, has moved to On Deck Capital Inc. as CFO.
Brause's new appointment will take effect March 26.
March 9
Sangeeta Kishore on March 6 resigned immediately as executive vice president and CFO of Metropolitan Bank Holding Corp. and subsidiary Metropolitan Commercial Bank.
The search for her successor is underway. In the interim, Gerard Perri will serve as the New York-based company's principal financial officer and Daniel Wong will be principal accounting officer. Perri will retain his role as executive vice president and COO of both the company and the bank; Wong remains the bank's vice president and controller.
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First National Bank of Williamson named local businessman Sam Olive chairman, Williamson (W.Va.) Daily News reported.
The report added that board member and President Tranquilla Whitt will retire at the end of April.
March 8
West Texas National Bank promoted Steve Young, who was senior vice president of business development, to chief lending officer.
The Midland, Texas-based bank is a subsidiary of First-West Texas Bancshares Inc.
